Faraday Future Intelligent Electric (NASDAQ:FFIE) Stock Price Down 4.2%

Shares of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) dropped 4.2% on Friday . The company traded as low as $0.34 and last traded at $0.34. Approximately 10,193,912 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 106,704,484 shares. The stock had previously closed at $0.36.

Faraday Future Intelligent Electric Stock Performance

The company has a quick ratio of 0.22, a current ratio of 0.35 and a debt-to-equity ratio of 0.11. The business has a 50 day simple moving average of $0.59 and a two-hundred day simple moving average of $0.35. The firm has a market cap of $157.59 million, a PE ratio of 0.00 and a beta of 5.73.

Institutional Trading of Faraday Future Intelligent Electric

Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in Faraday Future Intelligent Electric in the second quarter worth $420,000. Busey Bank purchased a new stake in Faraday Future Intelligent Electric in the second quarter worth $252,000. Finally, MCF Advisors LLC increased its stake in shares of Faraday Future Intelligent Electric by 13,329.8% during the fourth quarter. MCF Advisors LLC now owns 503,750 shares of the company’s stock valued at $116,000 after buying an additional 499,999 shares during the period. Hedge funds and other institutional investors own 71.74% of the company’s stock.

Faraday Future Intelligent Electric Company Profile

Faraday Future Intelligent Electric Inc engages in the design, development, manufacture, engineering, sale, and distribution of electric vehicles and related products in the United States. The company was incorporated in 2014 and is headquartered in Los Angeles, California.